5 Things First-Time Homebuyers Always Forget

Buying your first home is exciting, but it can also be overwhelming. With so many steps, it’s easy to overlook important details that could cost you time, money, or peace of mind.

Here are five things first-time homebuyers often forget—and how to stay ahead of them.

 1. Budgeting for More Than the Down Payment

Most buyers focus on saving for the down payment, but that’s only part of the picture. First-time buyers often forget to account for:

• Closing costs (2%–5% of the home price)

• Home inspections

• Property taxes

• Home insurance

• Immediate repairs or upgrades

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Tip: Have a cushion beyond your down payment—at least 3–6 months of expenses—to cover hidden costs.

2. Factoring in Maintenance and Repairs

Unlike renting, homeownership comes with ongoing responsibilities. Even newer homes will need regular maintenance like:

• HVAC servicing

• Roof inspections

• Lawn care

• Plumbing fixes

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Tip: Set aside 1%–2% of your home’s value per year for maintenance and unexpected repairs.

3. Researching the Neighborhood Beyond the Basics

It’s not just about schools and crime rates. Many first-time buyers forget to check:

• Commute times during rush hour

• Future development plans

• Noise levels (near highways or airports)

• HOA rules and fees

Tip: Visit the neighborhood at different times of day, and talk to current residents if you can.

4. Getting Pre-Approved Before House Hunting

Browsing listings is fun, but without a pre-approval letter, your offer may not be taken seriously, and you might be looking outside your price range.

Tip: Get pre-approved before you shop. It strengthens your negotiating power and speeds up the buying process.

 5. Planning for Move-In Expenses

You’ve closed the deal—but now what? Moving itself comes with costs:

• Movers or truck rentals

• Utility deposits

• New furniture or appliances

• Internet installation

  
  

Tip: Don’t spend all your savings on the purchase alone. You’ll want to make your new house feel like home right away.

Final Thoughts

The homebuying process has a lot of moving parts, and it’s easy to miss the fine print, especially the first time around. By remembering these often-overlooked steps, you’ll be better prepared, more confident, and less stressed.

Thinking about buying your first home? I’d love to guide you every step of the way!